Open trading account 
Interesting moves in the usd market late in the Asia session today, it doesn't seem to be driven by any fundamental releases or news events. I was long on eurusd in expectation of a move higher, however I closed that in order to have margin to short usdjpy. I do not believe usdjpy can break above 105 without Yellen indicating imminent rate hikes or the BoJ indicating additional stimulus as incoming. Most timeframes are showing usdjpy as overbought based on the RSI indicators, and the Japanese wage growth released today showed better then expected increases... Which bodes well for the Japanese consumer and reduces the need for more stimulus. There are still major global risk events that can cause a major flight to safe haven currencies, which would send usdjpy plummeting e. the current positioning on non-commercial speculators shows jpy heavily sold and usd heavily bought, creating a risk for a usdjpy long squeeze should we get the ball rolling downhill. I have been trailing a short entry order behind price as it continues to climb.... Currently my short entry is at 104.75
